LONDON--(EON: Enhanced Online News)--Technavio’s latest report on the global
optical coatings marketprovides an analysis of the most
important trends expected to impact the market outlook from 2017-2021. Technavio
defines an emerging trend as a factor that has the potential to
significantly impact the market and contribute to its growth or decline.

“The demand for optical coatings are increasing in various
emerging applications. The advancements in the optical coatings has led
to its use in medical applications such as diagnostics, treatment, and
analysis, and in various instruments and optical devices such as optical spectroscopy
and transmission electron microscopy”

The research study by Technavio on the global
optical coatings market for 2017-2021 provides detailed industry
analysis based on product type (anti-reflective, optical filter,
transparent conductive, and high-reflective coatings), on application
(consumer electronics, solar power, architecture, military and defense,
and automotive sectors), and geography (North America, APAC, Europe, and
ROW).

The global optical coatings market size is projected to reach USD
12,441.1 million by 2021, at a CAGR of close to 8% during the forecast
period. Consumer
electronics is one of the largest application segments of the
market, generating over 32% of the overall revenue.

Technavio’s sample reports are free of charge and contain multiple
sections of the report including the market size and forecast, drivers,
challenges, trends, and more.

The top three emerging trends driving the global optical coatings market
according to Technavio chemicals
and materials research analysts are:

Rising demand for anti-reflective coatings

Increased focus on R&D

Emerging applications of optical coatings

Rising demand for anti-reflective coatings

“The anti-reflective coatings are preferred in various end-user
industries such as consumer electronics, solar, power,
automotive
and telecommunication due to the enhance visibility, high transmittance,
minimum reflection, and reduced glare,” says Ajay Adikari, one
of the lead analysts at Technavio for paints,
coatings, and pigments research.

The demand for anti-reflective coatings is forecast to rise in the
coming years due to the growing requirement for the high
light-transmitting lens and eyeglasses. Also, the anti-reflective
coatings find applications in solar industry, where they enhance the
efficiency of the panels. The rising demand for renewable energy will
fuel the demand for anti-reflective coatings market.

Increased focus on R&D

The optical coatings market is a technology-driven market, where vendors
continually invest in finding more efficient coating techniques and
processes. These innovations aid vendors in decreasing the operational
costs, thereby increasing profit margins. Additionally, continued
investments into innovation ensure a competitive edge to the vendors and
a superior quality of service to the customers. The increased focus of
vendors toward R&D of optical coating processes and products will impact
the global optical coatings market positively.

Emerging applications of optical coatings

“The demand for optical coatings are increasing in various
emerging applications. The advancements in the optical coatings has led
to its use in medical applications such as diagnostics, treatment, and
analysis, and in various instruments and optical devices such as optical spectroscopy
and transmission electron microscopy,” says Ajay.

Advanced optical coatings are used to enhance the contrast in
high-resolution display systems and provide a high level of protection
from mechanical damage such as cracking to several electronic displays.
Thus, the increase in the number of new applications of optical coatings
in their end-use sectors will continue to drive market growth over the
forecast period.

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About Technavio

Technavio
is a leading global technology research and advisory company. The
company develops over 2000 pieces of research every year, covering more
than 500 technologies across 80 countries. Technavio has about 300
analysts globally who specialize in customized consulting and business
research assignments across the latest leading edge technologies.

Technavio analysts employ primary as well as secondary research
techniques to ascertain the size and vendor landscape in a range of
markets. Analysts obtain information using a combination of bottom-up
and top-down approaches, besides using in-house market modeling tools
and proprietary databases. They corroborate this data with the data
obtained from various market participants and stakeholders across the
value chain, including vendors, service providers, distributors,
resellers, and end-users.

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at media@technavio.com.